Student and Parent Student and Parent

Advantage Parent Loans

Prepare them for the future —

and save thousands at the same time!

College building

Advantage Parent Loans

Prepare them for the future —

and save thousands at the same time!

GET STARTED

Parent Loans fill funding gaps that traditional student loans leave behind.

The Advantage Parent Loan is a better cost-savings option to cover your child's college expenses than the Federal PLUS loan. Compare loans to see the difference.

FIXED rates as low as 3.50% APR* using autopay, and NO fees!

Take advantage of our autopay service for lower rates. Plus, selecting one of the Immediate Repayment options gives you a lower rate which can save hundreds, if not thousands, of dollars over the life of the loan!

Benefits and Features

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Borrow up to 100% of school-certified expenses
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NO fees
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No prepayment penalties
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Low FIXED rates that can save you money over the life of the loan
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Applying with a creditworthy cosigner may help you qualify and/or receive a lower FIXED rate
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Cosigner release available after 36 consecutive months of on-time regularly scheduled principal and interest payments
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Apply Now
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Our parent loans have low FIXED rates starting at 3.50% APR* using autopay, and NO fees!

Advantage Parent Loans

Choose the repayment option best for you!

IMMEDIATE REPAYMENT

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PRINCIPAL + INTEREST

IMMEDIATE REPAYMENT

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INTEREST ONLY

POSTPONED REPAYMENT

The student can be enrolled full time, part time or even less than half time!

Full repayment begins after a loan is fully disbursed

Quickest way to pay off your loan and less money paid in the long run when compared to Immediate Repayment - Interest only, or the Postponed Repayment

The student must be enrolled at least half time.

Interest payments begin after a loan is fully disbursed.

Full repayment begins six months after the student leaves school or drops below half-time status.

Less money paid in the long run when compared to the Postponed Repayment.

The student must be enrolled at least half time

Full repayment begins six months after the student leaves school or drops below half-time status.

You will pay more money over the life of the loan when using this plan.

Get Started on the Application

Or call 1-800-988-6333 to request an application.

* APRs and quoted savings are representative samples for educational purposes only and may not reflect current or actual loan rates offers or available percentage rates. Your actual APR will depend upon your credit transaction and credit history and will be determined once a credit decision is made.

Advantage Parent Loans are private loans. We recommend applying for all eligible grants and scholarships first. We reserve the right to modify or discontinue loan features or benefits or to discontinue loan programs at any time without notice. Rates vary based on the repayment plan you've selected, your credit history and other factors. Advantage Education Loans are owned, managed, and serviced by KHESLC, a state-based, non-profit lender. We do not sell or subcontract our loans.